Extendicare (TSE:EXE) Price Target Raised to C$13.50

Extendicare (TSE:EXE) had its price objective lifted by BMO Capital Markets from C$11.00 to C$13.50 in a report released on Monday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. TD Securities increased their price objective on Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a report on Thursday, November 14th. Cormark upgraded Extendicare to a “moderate buy” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada boosted their price objective on Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a research note on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$11.50.

Extendicare Stock Up 1.6 %

Extendicare stock opened at C$13.08 on Monday. The firm has a 50 day moving average price of C$10.79 and a 200-day moving average price of C$9.83. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02. Extendicare has a twelve month low of C$6.63 and a twelve month high of C$13.12. The company has a market capitalization of C$1.09 billion, a P/E ratio of 16.68 and a beta of 1.26.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, February 28th. Extendicare’s dividend payout ratio (DPR) is presently 61.20%.

About Extendicare

Extendicare Inc, operating solely in Canada, is the largest private-sector owner and operator of long-term care (LTC”) homes and one of the largest private-sector providers of publicly funded home health care services.